What is Invoicing?

Invoicing is the process of formally requesting payment for goods sold or services rendered. It involves issuing a document, called an invoice or bill, to the customer detailing the products or services provided, the quantities, prices, payment terms, and other relevant information. Invoicing serves as a crucial part of the billing and accounting process for businesses, enabling them to track sales, manage cash flow, and maintain records of transactions.

Within NetSuite, invoicing is made easy through a native SuiteApp like ZoneCapture, an AP automation solution that ingests invoices and then uses Optical Character Recognition (OCR) technology and GenAI to automatically scan and recognize relevant data in the invoice, reducing manual entry by up to 83%.